Forest Ridge Estate is an experience in tranquillity. Set between two lovely dams in the Cramond Valley, the estate is just under 30 minutes from Pietermaritzburg, an hour from Durban and only about 10 km from Albert Falls Dam, one of the top bass fishing venues in the country.
The splendours of the sweeping views over the dams and up the hills of the Umngeni Valley makes the site a jewel in the Natal Midlands. The site will comprise of only 26 sectional varying in size from 1300 to 2400 square metres.
The Peattie family, who have owned this property for more than 50 years, have developed this property with your family in mind. They have made every effort to preserve the intent of the site so as not to impact on the natural environment.
The safe, wide open spaces and activities on offer ensure that you and your family live in a healthy and peaceful environment. Forest Ridge offers the exclusivity of living the secure country lifestyle while still having all the modern conveniences at your fingertips.
Frequently Asked Questions
Is this a sectional title development?
Yes. The definition of a sectional title development is the construction of buildings and the laying out of common property on a land development where the buildings are divided into sections, where ownership of sections is held separately and ownership of the common areas is held jointly. Levies are charged to cover running expenses relating to the common property and common services; this amount is determined by the Body Corporate.
How many units will there be in the Forest Ridge Development?
There are 12 existing sections which are Phase 1 of the development. There are an additional 26 units in this phase of the development.
Unit footprint sizes?
Units will vary from 150m2 to 250m2.
Unit and land prices?
Land is priced at between R 380 000 to R480 000
Is Transfer Duty payable on the purchase price?
No, but VAT is payable and is included in the purchase price.
What are the payment terms?
Real Right – The stand is purchased outright and the right to develop is then secured.
A deposit of 10% of the purchase price is payable within 7 (seven) days of signature of the purchase agreement. The balance of the
purchase price is payable on transfer into your name. This amount must be secured and proof lodged with the conveyancers, J Leslie Smith and Co. within 30 (thirty) days of signing the purchase agreement.
What are the development timeframes for the development?
The building time for a unit is not to exceed 6 months from the date of casting the foundations of the unit.
What additional costs will be levied?
A conveyancing fee, FICA compliance fee and certain other disbursements comprising Deeds Office costs, Compliance Certificates costs, postage and petties amounting to approximately R15 000. Bond costs in respect of a mortgage bond are separate and are calculated in accordance with the value of the bond.
What services/infrastructure will be provided?
Roads, grass verges, street lights, stormwater drainage, electricity, water, sewerage, telephone lines.
How long will it take to build a unit?
4 to 6 Months.
Who will manage the Body Corporate?
The existing Body Corporate with its Trustees
What are the PC amounts allocated for personal choice finishes?
A schedule is attached to the sale agreement. Air conditioning and under floor heating are optional extras.
Will pets be allowed?
No Pets are allowed without the permission of the Body Corporate.
What facilities will be offered in the common use area?
Private stocked dam for fishing, thatched boma, braai facilities, jetties for small paddle craft, hiking, mountain biking, Albert falls dam 10km away, golf courses nearby.
What will the monthly levies be?
It is anticipated that the levies will be approximately R700 per month and will include the following: upkeep of the common area, general maintenance of the common area, management fee, communal water and electricity and refuse removal.
The Body Corporate together with the managing agent will be responsible for the administration of levies.
How will building defects be dealt with?
The Developer and the Builder are members of the NHBRC and their rules will apply.